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Nova Scotia 2015 and 2016 Personal Marginal
Income Tax Rates

The Federal tax rates for 2016 are as per Bill
C-2 tabled in December 2015. The Nova Scotia tax brackets and personal tax credits are
not increased for inflation. The Federal tax brackets
and personal amount were increased for 2016 by an indexation factor of
1.013. The indexation
factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency
information.

The 2016 marginal tax rate for non-eligible dividends reflects the rate that is
in effect automatically due to the change in the gross-up rate for 2016.
The NS government would have to make legislative amendments in order for
this to change.